BMI (DIGITAL PAYMENT LANDSCAPE IN INDIA – THE WORKS)
The speaker for today’s BMI session was Mr. Mohit Pant, Head of PayPal Global Analytics Centre in India and the topic was ” Digital Payment Landscape in India – The Works”. He gave us deep insights on how the ecosystem is conducive for digital payment platforms in India. India is becoming a digital country and the vision of NPCI; Presenceless, Paperless, Cashless and Consentless are favouring the growth of this market and around 120 players are competing with each other in India. There has been a dramatic shift in the transaction profile of Banks and payment via UPI grew upto 47%. UPI is the driving force and Google pay is driving the UPI itself contributing upto 59.75% of transactions. He also explained about the USP of PayPal as an unrivalled two sided platform with Global Presence, guaranteeing payments and preventing frauds. It was indeed a very active and an interactive session.